SunSirs: China PS Market Analysis on September 18
September 21 2020 11:17:18 SunSirs (Selena)
Price Trend
Price: the mainstream quotation of GPPS was 7,650-8,900 RMB/ ton, and that of HIPS was 8,700-9,700 RMB/ ton.
Market Analysis
PS market trend was stable, traders purchased on demands. Downstream factories maintained the rigid demand procurement, and the trading atmosphere improved significantly. Zhanjiang Zhongmei PS ex-factory price, 525 quotation was 8,300 RMB/ ton. The ex-factory price of CITIC Guoan PS was 8250 RMB/ ton.
Market Forecast
The overall market of PS market is mainly stable, and merchants are more cautious in trading. Small and medium-sized downstream users mainly purchase on demand. The overall trading atmosphere of the market is slightly flat. It is expected that China PS price will be mainly shaken in the short term.
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